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2240 West Ogden Avenue

2240 West Ogden Avenue , Chicago, IL 60612

Last Updated: 08/09/2016
Property Type:Office
Year Built:
Class:A
Size:39,147 SF
1 of 9
2240 West Ogden Avenue , Chicago, IL 60612

Building Overview

Building Description

Unique urban infill investment opportunity in Chicago's Illinois Medical District (IMD). 39,147 square foot brick and timber loft office building with substantial income currently in place and multiple avenues to create additional value. Quality tenancy with term remaining but room to increase rents at rollover. Property contains an abundance of parking that is rare anywhere in the City of Chicago with an ability to offer nearly 2.5 spaces per 1000 SF of rentable area. The IMD is located 2 miles west of Chicago's Loop CBD adjacent to hot submarkets such as the Near West Side, West Loop and Pilsen neighborhoods. The IMD itself is a demand driver, with healthcare and research-related businesses having a need for space in proximity to the medical research facilities, labs, universities, and hospitals that anchor the area. • Urban Infill Location with Long Term Appreciation Potential • Value Add Opportunity with Substantial Income in Place • Numerous Recent Capital Improvements • Quality Tenant Base • Rare Abundance of Parking

Building Details

Property Type:Office
Year Built:
Class:A
Size:39,147 SF
Subtype:Creative Loft
Build Status:Existing
Tenancy:Multi Tenant
Lot Size:45,823 Acres

All Listings in this Building

2240 West Ogden Avenue , Chicago, IL 60612
2240 West Ogden Avenue
Listing Type:Building for Sale
Size:39,147 SF
Price:$4,900,000.00

Location

2240 West Ogden Avenue , Chicago, IL 60612

Contact

Ari Topper

Sales & Leasing

atopper@jameson.com

Mobile: 312-224-9208

Property Inquiry